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Axis Banking & PSU Debt Fund - Direct Plan download report

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Debt: Banking and PSU

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Axis Banking & PSU Debt Direct-G 2.19 0.00 0.16 0.47 1.31 1.76 3.45 6.34 7.33 7.60 --
CCIL T Bill Liquidity Weight 1.28 0.06 0.07 0.30 0.76 1.05 2.05 2.60 3.27 3.64 --
Debt: Banking and PSU 1.67 0.02 0.22 0.66 1.47 1.29 3.25 6.35 6.86 7.55 --
Rank within category 3 21 20 21 16 4 5 11 3 8 --
Number of funds in category 22 22 22 22 22 22 22 17 16 14 0

As on 12-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Banking & PSU Debt Fund - Direct Plan
5 star
 Jan-13 3.45 6.34 7.33 0.33 14,171
IDFC Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
 Mar-13 3.00 6.68 7.40 0.32 16,162
ICICI Prudential Banking & PSU Debt Fund - Direct Plan  | Invest Now
4 star
 Jan-13 3.99 6.55 6.69 0.35 8,487
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.65 6.67 7.22 0.36 6,959
HDFC Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
 Mar-14 3.24 6.72 7.04 0.39 5,370

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.14 24-Mar-2020 - 31-Mar-2020 -2.12 12-Mar-2020 - 19-Mar-2020
Month 3.92 24-Mar-2020 - 23-Apr-2020 -2.60 20-Feb-2020 - 23-Mar-2020
Quarter 6.96 24-Mar-2020 - 24-Jun-2020 -0.88 24-Dec-2019 - 24-Mar-2020
Year 12.95 31-Oct-2018 - 31-Oct-2019 3.15 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis Banking & PSU Debt Direct-G 6.29 1.63 1.72 4.66 2.11 4.69
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Banking and PSU 6.23 2.25 1.29 2.57 2.14 4.65
Rank within category 11 3 1 1 8 9
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 126 161 126 64
Modified Duration (yrs) 0.85 1.01 0.59 1.67
Average Maturity (yrs) 1.00 1.14 0.67 2.27
Yield to Maturity (%) 6.26 6.26 4.02 6.60
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 7.15% SIDBI 21/07/2025 Debenture AAA 0.00 - 6.56 6.56
equal 6.84% GOI 19/12/2022 GOI Securities SOV 4.97 - 5.70 5.70
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 4.97 - 5.65 5.65
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 3.70 - 4.26 4.26
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 2.86 - 3.41 3.41
new 7.12% Hindustan Petroleum Corporation 30/07/2025 Debenture AAA 0.00 - 2.96 2.96
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 2.29 - 2.67 2.67
up 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 1.63 - 2.23 2.23
equal HDFC Bank 26/09/2022 Certificate of Deposit A1+ 0.00 - 2.10 2.10
equal HDFC Bank 13/12/2022 Certificate of Deposit A1+ 0.00 - 2.07 2.07
down SIDBI 23/03/2023 Commercial Paper A1+ 0.00 - 2.50 1.87
equal 8.45% Power Finance Corporation 2022 Non Convertible Debenture AAA 1.55 - 1.77 1.77
equal Tata Capital Financial Services 2022 Debenture AAA 1.49 - 1.76 1.76
equal 7.60% ICICI Bank 2023 Bonds AAA 1.41 - 1.60 1.60
equal Canara Bank 2022 Certificate of Deposit A1+ 0.00 - 1.55 1.55
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 1.28 - 1.47 1.47
up HDFC Bank 2022 Certificate of Deposit A1+ 0.00 - 1.40 1.40
equal Bank of Baroda 14/02/2023 Certificate of Deposit A1+ 0.00 - 1.37 1.37
equal 8.57% Haryana State 23/01/2023 State Development Loan SOV 0.00 - 1.36 1.36
equal 7.45% REC 30/11/2022 Non Convertible Debenture AAA 0.37 - 1.13 1.13
equal Axis Money Market Fund Direct-G Mutual Fund -- 0.00 - 1.08 1.08
equal 7.29% SIDBI 2022 Debenture AAA 0.77 - 1.06 1.06
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 1.05 1.05
equal HDFC Bank 14/10/2022 Certificate of Deposit A1+ 0.00 - 1.05 1.05
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.89 - 1.03 1.03

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2022

Fund Manager

— Aditya Pagaria since 13-Aug-2016

Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.

Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager - Fixed Income Operations.

Funds Managed:

0.00%

Change from previous, NAV as on 12-Aug-2022

Growth: ₹ 2,212.4888

IDCW Weekly: ₹ 1,039.4758

More

IDCW Monthly: ₹ 1,036.0524

IDCW Daily: ₹ 1,039.1310

Investment Strategy

The scheme seeks to generate stable returns by investing predominantly in debt and money market instruments issued by banks, Public Sector Units & Public Financial Institutions.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.03%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 14,171 Cr (As on 31-Jul-2022)
Expense Ratio: 0.33% (As on 30-Jun-2022)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily12-Aug-20220.0191

 11-Aug-20220.3314
 10-Aug-20220.6605
 04-Aug-20220.3158
 02-Aug-20220.6962
 01-Aug-20220.8376
 29-Jul-20220.3328
 28-Jul-20220.0544
 25-Jul-20220.5293
 22-Jul-20220.0933
 21-Jul-20220.0299
 20-Jul-20220.1306
 19-Jul-20220.0760
 18-Jul-20220.3202
 15-Jul-20220.0741
 14-Jul-20220.0726
 13-Jul-20220.2687
 12-Jul-20220.1051
 11-Jul-20220.3148
 08-Jul-20220.0551
 07-Jul-20220.1619
 06-Jul-20220.4980
 05-Jul-20220.3631
 04-Jul-20220.6432
 01-Jul-20220.4144
IDCW Weekly08-Aug-20220.7491

 01-Aug-20221.2255
 25-Jul-20220.8591
 18-Jul-20220.8410
 11-Jul-20221.3932
 04-Jul-20221.5861
 27-Jun-20221.2281
 20-Jun-20220.4157
 02-May-20220.7236
 25-Apr-20221.2301
 04-Apr-20221.2964
 28-Mar-20220.9956
 21-Mar-20221.3778
 14-Mar-20220.8969
 28-Feb-20220.4352
 21-Feb-20220.9782
 14-Feb-20221.9363
 08-Feb-20220.0205
 31-Jan-20220.5092
 24-Jan-20220.4387
 17-Jan-20221.1274
 10-Jan-20220.6289
 03-Jan-20221.0098
 27-Dec-20210.3771
 20-Dec-20210.2859
IDCW Monthly25-Jul-20224.6622

 27-Jun-20222.3553
 25-Apr-20222.8807
 25-Mar-20223.1043
 25-Feb-20223.5235
 25-Jan-20223.3132
 27-Dec-20212.7787
 25-Nov-20212.6175
 25-Oct-20211.8806
 27-Sep-20212.4427
 25-Aug-20214.5878
 26-Jul-20215.8644
 25-Jun-20212.2469
 25-May-20215.0268
 26-Apr-20216.3372
 25-Mar-20214.0382
 28-Dec-20202.4498
 25-Nov-20207.6901
 26-Oct-202010.9146
 25-Sep-20204.1395
 25-Aug-20201.6428
 27-Jul-20209.3268
 25-Jun-20208.1152
 26-May-202015.1015
 27-Apr-20207.5379

Contact Information

AMC: Axis Asset Management Company Ltd.

Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025

Phone: 022-24255161

Fax: 022-43255199

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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